NEWZ vs. AWEG ETF Comparison
Comparison of StockSnips AI-Powered Sentiment US All Cap ETF (NEWZ) to Alger Weatherbie Enduring Growth ETF (AWEG)
NEWZ
StockSnips AI-Powered Sentiment US All Cap ETF
NEWZ Description
NEWZ navigates market complexities through a proprietary news media sentiment signal which combines AI and NLP technologies. This signal is generated from textual sources, such as news articles, blogs, and SEC filings, processed using advanced machine learning algorithms. These algorithms sift through vast amounts of data to assess investor sentiment and identify stocks with the most positive news coverage. The process begins by screening US-listed equity securities based on capitalization, volatility, ROE, news coverage volume, and inclusion in Zacks sector and industry classifications. Selections are made based on the sentiment signal, which also integrates a sentiment momentum signal indicating shifts in investor sentiment over time. After the screening, the portfolio typically comprises the top 30 to 50 stocks, all equally weighted. Throughout this process, the fund prioritizes reliability, gathering information from reputable news outlets such as Zacks, Motley Fool, and CNBC. The fund is rebalanced and reconstituted monthly.
Grade (RS Rating)
Last Trade
$29.56
Average Daily Volume
6,142
30
AWEG
Alger Weatherbie Enduring Growth ETF
AWEG Description
The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.Grade (RS Rating)
Last Trade
$27.41
Average Daily Volume
169
24
Performance
| Period | NEWZ | AWEG |
|---|---|---|
| 30 Days | 5.23% | 10.40% |
| 60 Days | 5.45% | 9.14% |
| 90 Days | 7.17% | 9.79% |
| 12 Months | 38.87% |
1 Overlapping Holdings
| Symbol | Grade | Weight in NEWZ | Weight in AWEG | Overlap | |
|---|---|---|---|---|---|
| PCTY | B | 3.29% | 3.92% | 3.29% |
NEWZ Overweight 29 Positions Relative to AWEG
| Symbol | Grade | Weight | |
|---|---|---|---|
| TT | A | 4.23% | |
| MSI | B | 3.81% | |
| FTNT | C | 3.73% | |
| SHOP | B | 3.7% | |
| KKR | A | 3.59% | |
| ANET | C | 3.5% | |
| NTAP | C | 3.48% | |
| BR | A | 3.44% | |
| APH | A | 3.44% | |
| TXRH | C | 3.39% | |
| GRMN | B | 3.37% | |
| ISRG | A | 3.36% | |
| CORT | B | 3.35% | |
| PAYX | C | 3.35% | |
| BOOT | D | 3.33% | |
| COR | B | 3.33% | |
| ACN | C | 3.29% | |
| CHKP | D | 3.28% | |
| ERIE | D | 3.26% | |
| CLH | B | 3.26% | |
| UTHR | C | 3.19% | |
| TSM | B | 3.15% | |
| DGX | A | 3.14% | |
| RMD | C | 3.14% | |
| ORCL | B | 3.02% | |
| JKHY | D | 3.01% | |
| BRO | B | 2.88% | |
| BMI | B | 2.69% | |
| BAH | F | 2.48% |
NEWZ Underweight 23 Positions Relative to AWEG
| Symbol | Grade | Weight | |
|---|---|---|---|
| TDG | D | -11.7% | |
| CWST | A | -6.43% | |
| GKOS | B | -4.99% | |
| STEP | B | -4.87% | |
| TNDM | F | -4.84% | |
| WCN | A | -4.8% | |
| HEI | B | -4.66% | |
| NEOG | F | -3.62% | |
| HUBS | A | -3.14% | |
| OLLI | D | -2.99% | |
| SPSC | C | -2.94% | |
| ACAD | D | -2.9% | |
| MEG | F | -2.87% | |
| XPO | B | -2.86% | |
| UPST | B | -2.77% | |
| RXO | C | -2.64% | |
| HLNE | B | -2.11% | |
| NCNO | B | -2.09% | |
| PGNY | F | -2.07% | |
| SITE | D | -2.02% | |
| AGYS | A | -1.77% | |
| NTRA | B | -1.44% | |
| TTD | B | -1.41% |
NEWZ: Top Represented Industries & Keywords
AWEG: Top Represented Industries & Keywords
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